Fantom Rallies to $0.2049 as Bulls Continue Progress

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• Fantom price recorded a 1.02 percent increment today and is currently trading at $0.2049.
• Price rebounded after an extended period of decline and has been consolidating within the last 24 hours.
• If bulls continue in the market, Fantom’s price could increase toward the $0.2063 resistance level.

Fantom price analysis reveals FTM/USD has recovered fine during today’s trading session. The digital asset has been range-bound within the last 24 hours and is currently trading at $0.2049 as of press time. The bullish momentum has benefited the buyers to a good extent as the coin’s value has improved with a notable rise in price value. Bulls toppled the resistance present at $0.2026 yesterday, and today they are aiming for $0.2063 resistance as their next target, as further improvement is also expected.

The 1-day price chart for Fantom price shows the cryptocurrency has been advancing unboundedly since earlier today, which is a moment of encouragement for the buyers. The price has been elevated up to $0.2049 in the last 24 hours, gaining more than 1.01 percent value, as the bulls have been maintaining their upper position proficiently. The price has been able to go above the moving average (MA) value as well, which is going at the $0.2023 level for the one-day price chart.

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